Aquaron Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

Company Overview - Aquaron Acquisition Corp. is a Delaware corporation established as a blank check company aimed at engaging in various business combinations, including mergers and asset acquisitions [2] - The company intends to focus on operating businesses in the new energy sector, while excluding companies audited by firms that the U.S. Public Company Accounting Oversight Board cannot inspect for two consecutive years starting in 2021, and any target with China operations consolidated through a VIE structure [2] Recent Developments - Bestpath IoT Technology Ltd. has deposited $20,000 into Aquaron's trust account to extend the deadline for completing a business combination by one month, from June 6, 2024, to July 6, 2024 [1] - A promissory note was issued to Bestpath for the deposited amount, which is interest-free and convertible into the company's common stock at a price of$10.00 per unit upon the closing of a business combination [1]